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UK Pound Weakens on Uncertainty

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UK pound is weakening right now on uncertainty. Concerns about what’s next for the British economy, as well as speculation about what will happen with the eurozone, are weighing on the pound today.


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2 years 8 weeks ago – Made popular 2 years 8 weeks ago
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Euro Gains Slightly, But Remains Vulnerable

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Euro is seeing slight gains today, heading a little higher against the US dollar. For now, the gains are somewhat limited, since trading is thin. With US markets closed for the Labor Day holiday, it is little surprise that most currencies are rangebound right now. Euro, though, is looking to eke out some gains today.


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Canadian Dollar Consolidates Last Week's Gains

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At the end of last week, the Canadian dollar posted its biggest gain since January, thanks in large part to the fact that Canada’s economy grew more than forecast for the second quarter. This pleasant surprise, along with demand for riskier assets and climbing oil prices, are boosting the loonie today.


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2 years 8 weeks ago – Made popular 2 years 8 weeks ago
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Euro Gains against Dollar, Even with Jobless Data

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Euro is gaining today, heading higher as it consolidates recent gains, especially against the US dollar. Even with mixed economic data in the eurozone, the 17-nation currency has the upper hand today.


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2 years 8 weeks ago – Made popular 2 years 8 weeks ago
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US Dollar Lower as Jackson Hole Meeting Gets Under Way

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US dollar is lower today, dropping as the central banker symposium in Jackson Hole gets underway. Ben Bernanke is expected to speak, and that is to be the highlight of the conference — especially since ECB President Mario Draghi has pulled out of the conference.


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Canadian Dollar Falls Back on Economic Uncertainty

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Canadian dollar has moved lower as uncertainty about what Federal Reserve Chair Ben Bernanke will say about the US dollar, and the US economy, tomorrow at the central banker symposium in Jackson Hole, Wyoming. Questions about what’s next are weighing on risk appetite, and that isn’t helping the loonie in currency trading.


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2 years 8 weeks ago – Made popular 2 years 8 weeks ago
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Japanese Yen Advances as Concerns about Global Growth Return

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Japanese yen is gaining against other majors as concerns about global economic growth return to the markets. Worries about what’s next for the world economy have added to risk aversion, weighing on high beta currencies and making currencies like the yen preferred.


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2 years 8 weeks ago – Made popular 2 years 8 weeks ago
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Draghi Prepares Markets for Possibility "Exceptional Measures"

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Once again, rumors are flying concerning the euro, and what could be done to save it. Mario Draghi wrote an English-language opinion piece published earlier in Die Zeit, a German newspaper. The piece takes a look at the future of the euro, and lays out what Draghi considers “exceptional measures”, as well as calling for a fundamental change in the makeup of the eurozone.


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2 years 9 weeks ago – Made popular 2 years 8 weeks ago
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UK Pound Consolidates after Recent Gains

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UK pound is moving higher, consolidating after yesterday’s gains. Sterling is heading higher today, in line with market movements. However, the pound isn’t making any big moves, as there are still a lot of questions that need answering, and the UK economic outlook is far from certain.


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2 years 9 weeks ago – Made popular 2 years 8 weeks ago
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US Dollar Forecast: Waiting for Jackson Hole

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US dollar is lower pretty much across the board as optimism about the eurozone adds a little risk appetite to the mix. Also not helping the US dollar is the fact that some are wary of what Ben Bernanke will say in Jackson Hole on Friday.


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2 years 9 weeks ago – Made popular 2 years 9 weeks ago
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